Lost, on a painted sky...

Lost,  on a painted sky...

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    Saturday, July 02, 2011

    Jobless and Wageless Recovery

    This Article from HuffPost demonstrates the greed of big business and the failure of the tax policies of the right.  In spite of the fact that production levels in the US now match pre-recession levels and companies are pocketing record profits, the politicians of the right will tell you that Obama is failing in creating jobs and that tax incentives for these businesses and the wealthy will spur hiring.

    Both historical evidence and the current situation demonstrate the falsehood of their argument.  So,  what will it take?

    My position on this would be that since the corporations are benefiting from increased productivity of the American worker, it is only reasonable that they should pay a surtax on their increased profits.  The proceeds of this tax could stimulate growth by rebuilding the infrastructure and reduce the deficit.

    There could, at the same time,  be a tax credit against this surtax that would be given to businesses that hire new workers.

    It is high time that our elected representatives start standing up for the middle class.  If they do not, the middle class will cease to exist.   It is, after all, workers not corporations who make our nation great.  It is individuals,  not corporations who vote (at least for now).

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